Most of the wavefield downward continuation migration approaches are relying on one-way wave equations, which move the seismic energy always in one direction along depth. The one-way downward continuation migrations only use the primaries for imaging and do not treat secondary reflections recorded on the surface correctly. In this paper, we investigate wavefield depth extrapolators based on the full acoustic wave equations, which can propagate wave components to opposite directions. Several two-way wavefield downward continuation propagators are numerically tested in this study. Recursively implementing of the depth extrapolator makes it necessary and important to eliminate the unstable wave modes, that is, evanescent waves. For the laterally varying velocity media, distinction between the propagating and evanescent wave mode is less clear. We demonstrate that the spatially localized two-way beamlet propagator is an effective way to remove the evanescent waves while maintain the propagating mode in laterally inhomogeneous media.